To help ensure that your kid reaps those extra dollars without bankrupting you, a 529 plan is a good investment. There are two types. A pre-paid plan allows for the purchase of tuition credits at current prices for the future. With a savings plan, the account earnings are based on the market performance of the underlying investments which are typically mutual funds. Remember, though, your kid has a lot longer to pay off their student loans than you have to save for retirement. Never raid your retirement account to pay for college . Max it Out. Become a Dividend Aristocrat. Bigger, well-established companies are more likely to pay out dividends regularly. Companies in certain sectors including oil and gas, financial, healthcare and pharmaceuticals, historically have had some of the highest dividend yields. An aristocrat dividend is a company that has continuously increased the number of dividends it pays to its shareholders. To be categorized as such, a company must typically have increased dividends for at least 25 years. Invest In Something, Anything. How and where to invest your money. Updated 8 May 2018.